January 2017: Dividend Income Update



January marks the first full month in which I have re-launched the dividend growth account to cover some of the costs of caring for a child with a disability over a lifetime.  While it has existed in some form since 2013, this is the first time that I am going to make a concerted effort to keep more data on the fund, and to monitor it much more closely with an eye on building up a portfolio of dividend paying stocks for the long term.

This month three of my positions paid dividends.  While the numbers are not exactly very big at this point, especially compared with most of the dividend growth investing blogs that I read, the fact is that I know that these numbers will continue to grow over the years and get the dividend snowball working for me.  Along those lines, I have seen my first dividend increase, which will affect February's dividends received, as Realty Income (O) has raised their monthly dividend from $.2025 to $.2105 per share, a 3.95% increase.

Here was my month at a glance:

January 2017
SymbolDividends Received
PEP7.53
O10.13
FRT9.80
Total27.46

And here is a running log of monthly dividend income throughout 2017:



Dividend Income2017
January27.46
February
March
April
May
June
July
August
September
October
November
December
27.46

In January, dividends were automatically reinvested in Scottrade's FRIP program, and with funds that were already in the FRIP account, I automatically purchased one share of Coca-Cola Co. (KO).

I have to say that I am very much going to miss the FRIP program once Scottrade merges with TD Ameritrade.

I will have to do some homework before the merger and decide where to house this account going forward, whether it be TD Ameritrade, Fidelity, or somewhere else.

While I will DRIP the dividends once my accounts move over, I am a very big fan of having my dividends, as small as they are right now, work to buying shares of other dividend paying companies. Not only does it allow me to start the process of diversification, it is kind of fun to decide what stock I am going to buy next - even if it is just one share!

In any case, after a month, I am well ahead of pace on my goals, and looking forward to getting after it this year as much as possible and giving this fund a boost whenever possible.  

Good luck, and I hope you had a successful January!

Disclosure: Long FRT, KO, O, PEP

Image courtesy of Stuart Miles at FreeDigitalPhotos.net



Comments

  1. Happy to have found your blog. Your Jan. numbers might be small but that's not what counts. The fact that you are making a concerted effort with your portfolio and plan to consistently grow it over time is what matters. Keep building that passive income stream with solid dividend payers and I look forward to watching your year over year growth figures mark your progress.

    ReplyDelete
  2. Thank you, I appreciate that. Like you said, the year over year figures will really tell the story. Everyone has a starting point. I think that I have a realistic plan at this point in terms of savings goals for this year, and I am on my way to reaching them.

    Thanks for stopping by as I try to get this rookie blog off the ground in my spare hours - yours is one of those that I read consistently. I appreciate you checking in.

    ReplyDelete

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